$FORTH
/USDT Technical Analysis and Trade Signal
Current Price: $5.555
Momentum: Bullish (+7.41%)
Indicators
RSI: Indicates bullish momentum near overbought levels (~60-70).
MACD: Bullish crossover, showing upward trend strength.
Moving Averages (MA): Price is trading above key short-term and mid-term moving averages, confirming positive momentum.
Support Levels: $5.00, $4.80
Resistance Levels: $5.60, $6.00
Trade Signal
Entry Range: $5.50 - $5.55 (On breakout above $5.55)
🎯 Targets
1. $5.80 (Short-term target, minor resistance)
2. $6.10 (Mid-term target, stronger resistance)
3. $6.50 (Extended bullish momentum target)
Stop Loss
$4.90 (Below 24h low to minimize risk)
Momentum:
Current trend supports long trades with caution for pullbacks near $5.50. Regular monitoring is required for confirmation of breakout above resistance levels.